Insider Selling: InterDigital (NASDAQ:IDCC) Insider Sells 466 Shares of Stock

Key Points

• Insider Joshua Schmidt sold 466 shares of InterDigital (NASDAQ:IDCC) for approximately $127,273.92, reducing his holdings by 1.62% to a total of 28,370 shares.
• InterDigital reported a strong earnings beat with $6.52 EPS for the quarter, significantly exceeding expectations of $2.77, and a revenue of $300.60 million, up 34.5% year-over-year.
• The company announced a quarterly dividend of $0.60 per share, with an annualized yield of 0.9% and a payout ratio of 17.11%.

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua Schmidt sold 466 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the transaction, the insider owned 28,370 shares of the company's stock, valued at approximately $7,748,414.40. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

InterDigital Stock Up 0.5%

Shares of NASDAQ:IDCC traded up $1.42 during mid-day trading on Tuesday, reaching $273.13. 108,541 shares of the stock were exchanged, compared to its average volume of 324,746. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The company has a market cap of $7.05 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.65 and a beta of 1.42. InterDigital, Inc. has a one year low of $129.76 and a one year high of $277.95. The stock's 50 day simple moving average is $245.33 and its 200-day simple moving average is $223.14.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating the consensus estimate of $2.77 by $3.75. The firm had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.57 EPS. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, equities research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a yield of 0.9%. InterDigital's dividend payout ratio (DPR) is 17.11%.

Institutional Trading of InterDigital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC raised its holdings in InterDigital by 40.0% during the second quarter. Orion Porfolio Solutions LLC now owns 4,001 shares of the Wireless communications provider's stock worth $897,000 after acquiring an additional 1,144 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of InterDigital during the 2nd quarter worth approximately $1,219,000. Public Sector Pension Investment Board raised its stake in shares of InterDigital by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 98,590 shares of the Wireless communications provider's stock worth $22,107,000 after purchasing an additional 5,574 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of InterDigital by 47.9% in the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider's stock valued at $56,000 after buying an additional 81 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in InterDigital by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 28,902 shares of the Wireless communications provider's stock worth $6,486,000 after buying an additional 269 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.

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